Black Businesses Grew at 3 Times the National Rate

A lack of capital and connections still hampers success for African-American entrepreneurs.

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Despite the wounds caused by the recession, Harry C. Alford, president and CEO of the National Black Chamber of Commerce, is optimistic. "The amount of new entrepreneurs with remarkable skill sets will overcome any losses incurred by business failure or downturn," he says. "Capitalism is catching on like wildfire in the African-American community."

Frank McCoy writes about business and technology for The Root.

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